Bloomsbury Professional Capital Gains Tax 2020/21

Capital Gains Tax 2020/21 is an invaluable title for those who deal with capital gains tax on a regular basis. It examines the current legislation and HMRC guidance in a clear, comprehensive style and covers the following:

• Recent developments in CGT
• Computation of gains and losses and special rules for particular assets
• CGT for partners and partnership assets
• CGT in the periods immediately before and after death
• CGT payable by trusts
• Charges for non-domicile or non-resident taxpayers and overseas gains
• Corporate gains, SSE and group reliefs
• Land and property including non-resident CGT
• Main residence relief
• Entrepreneurs’ relief
• Investors’ Relief
• Hold-over relief for gifts
• Roll-over relief for business assets
• Relief on the incorporation of a business
• Venture capital reliefs including SEIS, EIS and SITR
• Relief for losses on loans to traders and on disposal of shares
• Transfer of shares to an Employee Ownership Trust
• CGT planning and anti-avoidance rules

Taking on a practical approach to the subject and concentrating on the most commonly found transactions and reliefs, the commentary in this title includes 147 examples, updated to the current tax year, and is cross-referenced to the tax legislation as well as to the HMRC manuals and to other HMRC guidance.

This accessible reference guide has a user­friendly structure with ‘signposts’ at the beginning of each chapter to summarise key topics and ‘focus points’ throughout to highlight important issues. Numerous worked examples demonstrate how to apply the main principles in practice and all examples are listed in a table for quick navigation.